$10,000 for a new nonprofit?

Last night I was watching “Chopped” and a contestant was asked, “What will you do with the $10,000 if you win?” His response: “Start a nonprofit to help the homeless.”

No. No. Please – no.

Now don’t get me wrong – I’m all for passionate people using their assets to improve the quality of life in their neighborhood. I have nothing against helping the homeless. But a nonprofit started with only $10,000 doesn’t have much of a chance of longevity.